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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: MGV who wrote (13233)	7/20/1999 11:43:00 AM
From: lws	Read Replies (3) \| Respond to of 27311

Isn't this price behavior exactly what the bulls and bears alike would expect at this time? In light of the uncertainty surrounding the July 27th date, wouldn't we expect some cautious bulls to lighten their position in case the calamity scenario is right? Wouldn't we expect other bulls to figure they will just take advantage of the opportunity to lighten now and buy back in for, say, a dollar less? Wouldn't we expect bulls with plans to buy wait for a better price? Wouldn't we expect most traders to short on the expectation that the price will continue to soften for now? Wouldn't we expect the bears to add to their short position as the price moves in their direction? Wouldn't we expect the death-spiral crowd to pile on for the kill? I don't see any surprises here. I'd be surprised if the price were trending upward. I'm just watching normal market behavior in a speculative stock as it heads into a period of greater than usual uncertainty. lws